Deborah G. Adams Buys 10,000 Shares of Amplify Energy Corp. (NYSE:AMPY) Stock

Amplify Energy Corp. (NYSE:AMPY - Get Free Report) Director Deborah G. Adams acquired 10,000 shares of the business's stock in a transaction that occurred on Tuesday, March 11th. The shares were acquired at an average cost of $4.14 per share, with a total value of $41,400.00. Following the transaction, the director now directly owns 61,961 shares in the company, valued at $256,518.54. The trade was a 19.25 % increase in their position. The acquisition was disclosed in a legal filing with the SEC, which is available through this link.

Amplify Energy Trading Up 2.1 %

Shares of AMPY opened at $4.05 on Wednesday. Amplify Energy Corp. has a 12-month low of $3.54 and a 12-month high of $8.15. The company has a quick ratio of 1.06, a current ratio of 1.06 and a debt-to-equity ratio of 0.29. The firm has a market capitalization of $163.15 million, a price-to-earnings ratio of 2.63 and a beta of 1.88. The stock's 50-day moving average price is $5.37 and its 200 day moving average price is $6.14.

Amplify Energy (NYSE:AMPY - Get Free Report) last issued its quarterly earnings results on Wednesday, March 5th. The company reported $0.13 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.30 by ($0.17). Amplify Energy had a net margin of 20.99% and a return on equity of 16.22%. The firm had revenue of $69.02 million for the quarter, compared to the consensus estimate of $76.04 million. As a group, research analysts predict that Amplify Energy Corp. will post 1.25 earnings per share for the current year.

Wall Street Analysts Forecast Growth

AMPY has been the subject of several research analyst reports. Industrial Alliance Securities set a $8.50 price objective on Amplify Energy in a research report on Friday. Benchmark reissued a "buy" rating and set a $11.00 price objective on shares of Amplify Energy in a research report on Thursday, January 16th. Finally, Alliance Global Partners reissued a "buy" rating on shares of Amplify Energy in a research report on Friday.

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Institutional Trading of Amplify Energy

Several institutional investors have recently bought and sold shares of AMPY. Barclays PLC lifted its holdings in shares of Amplify Energy by 272.4% during the third quarter. Barclays PLC now owns 52,159 shares of the company's stock valued at $341,000 after acquiring an additional 38,151 shares during the period. Wellington Management Group LLP acquired a new position in Amplify Energy in the third quarter valued at about $70,000. Geode Capital Management LLC grew its stake in Amplify Energy by 3.5% during the third quarter. Geode Capital Management LLC now owns 883,676 shares of the company's stock worth $5,772,000 after buying an additional 29,988 shares during the last quarter. Empowered Funds LLC increased its holdings in shares of Amplify Energy by 5.1% during the fourth quarter. Empowered Funds LLC now owns 155,622 shares of the company's stock worth $934,000 after buying an additional 7,516 shares in the last quarter. Finally, Sanctuary Advisors LLC raised its stake in shares of Amplify Energy by 4.2% in the fourth quarter. Sanctuary Advisors LLC now owns 69,225 shares of the company's stock valued at $415,000 after acquiring an additional 2,765 shares during the last quarter. Institutional investors and hedge funds own 42.84% of the company's stock.

Amplify Energy Company Profile

Amplify Energy Corp., together with its subsidiaries, engages in the acquisition, development, exploitation, and production of oil and natural gas properties in the United States. The company's properties consist of operated and non-operated working interests in producing and undeveloped leasehold acreage, as well as working interests in identified producing wells located in Oklahoma, the Rockies, federal waters offshore Southern California, East Texas/North Louisiana, and Eagle Ford.

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